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HomeMy WebLinkAboutSolar Power Robert Crown 1 SOLAR ENERGY POWER PURCHASE AGREEMENT BY AND BETWEEN ONYX Development Group LLC, AS SYSTEM OWNER AND THE CITY OF EVANSTON, ILLINOIS, AS THE CITY Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 2 SOLAR ENERGY POWER PURCHASE AGREEMENT This SOLAR ENERGY POWER PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of February 12, 2024 (the “Effective Date”), by and between Onyx Development Group LLC, a Delaware limited liability company (“System Owner”), and the City of Evanston, Illinois, a municipal corporation (“the City”). Each of System Owner and the City is sometimes referred to as a “Party” and together, as the “Parties.” RECITALS A. The City owns and controls certain property located at 1801 Main St, Evanston, IL 60202, as more particularly described on the attached Exhibit A and incorporated by reference herein (the “Premises”), which Premises uses Electricity (as defined in Section 1.2). B. The City has granted to System Owner access to a portion of the Premises described and depicted on Exhibit A-1 and incorporated by reference herein (the “Site”) together with certain rights of access to, ingress to and egress from, and use of the Premises for the purposes of constructing, installing, operating, maintaining, replacing, and repairing a solar photovoltaic electric generation system, as described on the attached Exhibit B and incorporated herein by this reference (the “System”), and selling the Electricity generated from the System to the City. C. System Owner, at the City’s request, intends to design, install, own, operate, and maintain the System for the production of Electricity at the Site per Attachment A.4 Solar PV Design Specifications. D. System Owner desires to sell, and the City desires to purchase, all of the Output (as defined in Section 1.2). NOW, THEREFORE, in consideration of the mutual promises, covenants and undertakings set forth herein, and intending to be legally bound hereby, the Parties hereby agree as follows: Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 3 ARTICLE 1 DEFINITIONS; RULES OF INTERPRETATION Section 1.1 Rules of Interpretation. Section 1.1.1 In this Agreement, unless the context requires otherwise, the singular includes the plural and the plural the singular, words importing any gender include the other gender; references to statutes, sections or regulations are to be construed as including all statutory or regulatory provisions consolidating, amending, replacing, succeeding or supplementing the statute, section or regulation referred to; the words “including,” “includes” and “include” shall be deemed to be followed by the words “without limitation” or “but not limited to” or words of similar import; references to articles, sections (or subdivisions of sections), exhibits, annexes or schedules are to those of this Agreement unless otherwise indicated; references to agreements and other contractual instruments shall be deemed to include all exhibits and appendices attached thereto and all subsequent amendments and other modifications to such instruments, and references to Persons include their respective successors and permitted assigns. Section 1.1.2 The Parties acknowledge that this is an arms-length transaction and, in the event of any dispute over its meaning or application, this Agreement shall be interpreted fairly and reasonably, and neither party shall benefit from a presumption of construction favoring that party. Section 1.2 Definitions. The following terms have the following meanings: “Agreement” has the meaning set forth in the introductory paragraph. “Base Contract Price” means the price in $U.S. per kWh to be paid by Site Host to System Owner in Year 1 for the purchase of Output, as specified in Article 4 and Exhibit C. “Business Day” means any day other than Saturday, Sunday, or a day on which the Federal Reserve Bank is authorized or required to be closed. “Commercial Operation” means the condition existing when (a) the System is capable of generating Electricity for four (4) continuous hours and (b) such Electricity is delivered through the Meter to the Site Electrical System. “Commercial Operation Date” has the meaning given in Section 4.4. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 4 “Commercial Operation Deadline” has the meaning given in Section 5.1. “Contract Year” means the twelve month period beginning on the Commercial Operation Date or on any anniversary of the Commercial Operation Date and ending on the next anniversary of the Commercial Operation Date. “Conditions Precedent” has the meaning given in Section 5.1. “Delivery Point” has the meaning given in Section 4.2. “Defaulting Party” has the meaning given in Section 13.1. “Dispute” has the meaning given in Section 20.1.1. “Due Date” has the meaning given in Section 8.3. “Early Termination Date” has the meaning given in Section 13.2. “Early Termination Fee” has the meaning given in Section 13.4 and Exhibit C. “Effective Date” has the meaning given in the introductory paragraph. “Electricity” means electrical energy. “Electricity Provider” means the entity providing for the supply of electrical energy to the City. Electricity Provider may be, as applicable, Host Utility or an Alternative Electric Retail Supplier (as defined in 220 ILCS 5/16-102). “Emergency” means an event occurring at the Site, or on the adjoining Premises, that (a) poses actual or imminent risk of (i) serious personal injury or (ii) material physical damage to the System and (b) requires, in the good faith determination of the City or System Owner, immediate preventative or remedial action. “Event of Default” has the meaning given in Section 13.1. “Exercise Notice” has the meaning given in Section 15.7. “Exercise Period” has the meaning given in Section 15.7. “Extended Outage” has the meaning given in Section 10.6. “Extension Period” has the meaning given in Section 2.1.2. “Fair Market Value” has the meaning given in Section 15.2. For clarity, Fair Market Value may not equal the Early Termination Fee set forth in Section 13.4 and Exhibit C. “Final Determination” has the meaning given in Section 15.5.3. “Force Majeure Event” means any circumstance not within the reasonable control, directly or indirectly, of the Party affected, but only if and to the extent that (a) such circumstance, despite the exercise of due diligence, cannot be or be caused to be prevented, avoided or removed by such Party, (b) such event is not due to such Party’s negligence or intentional Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 5 misconduct, (c) such event is not the result of any failure of such Party to perform any of its obligations under this Agreement, (d) such Party has taken all reasonable precautions, due care, and reasonable alternative measures to avoid the effect of such event and to mitigate the consequences thereof and (e) such Party has given the other Party prompt notice describing such event, the effect thereof and the actions being taken to comply with this Agreement. Subject to the foregoing conditions, Force Majeure Events may include: adverse weather conditions and other acts of nature, subsurface conditions, riot or civil unrest, actions or failures to act of any governmental authority or agency, but does not include any inability to make any payments that are due hereunder or to any third party, or to procure insurance required to be procured under this Agreement. “Green Attributes” means any and all credits, benefits, emissions reductions, offsets, and allowances, howsoever entitled, attributable to the generation from the System or its displacement of conventional energy generation. Green Attributes include but are not limited to Renewable Energy Credits or any other credits representing environmental attributes now in existence or available in the future. Green Attributes do not include System Financial Incentives. “City” has the meaning given to it in the introductory paragraph. “Host Utility” means the electric distribution company serving or connected to the City or the Site. “Indemnified Parties” has the meaning given in Section 16.2. “Indemnifying Party” has the meaning given in Section 16.2. “Independent Appraisal” means the process for determining a Purchase Price in accordance with Section 15.5. “Independent Appraiser” has the meaning given in Section 15.5.1. “Interconnection and Net Metering Agreements” means, collectively, as appropriate, (a) the interconnection or net metering agreement to be entered into by the City or System Owner and Host Utility for the interconnection of the System to the Host Utility system and to net meter the System with the Host Utility, (b) any interconnection services agreement and (c) any studies regarding interconnection of new generation facilities with respect to the System. “Lender” or “Lenders” means, either in the singular or collectively, as applicable, the banks, financial institutions or other institutional investors providing debt or equity financing for the System and any trustee or agent acting on any such Person’s behalf. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 6 “Mortgagee” means any Person that holds or is the beneficiary of a mortgage, deed of trust, lien, security interest or any other similar encumbrance affecting the Premises, as applicable. “Meter” means revenue grade meter(s) and electronic data acquisition equipment to be used to continuously measure and record the Output. “Non-Defaulting Party” has the meaning given in Section 13.2. “Output” means, and is limited to, the Electricity produced by the System and delivered by System Owner to the City at the Delivery Point. “Party” or “Parties” has the meaning given to it in the introductory paragraph. “Permit” means an approval, license, or other authorization from a unit of government including federal, state, provincial, county, municipal, regional, environmental or other governmental body having jurisdiction over System Owner or the City and their respective obligations under this Agreement or over the System or the Site, as may be in effect from time to time. “Person” means any natural person, partnership, trust, estate, association, corporation, limited liability company, governmental authority or agency or any other individual or entity. “Preliminary Determination” has the meaning given in Section 15.5.2. “Premises” has the meaning given to it in the Recitals. “Purchase Option” has the meaning given in Section 15.1. “Purchase Price” has the meaning given in Section 15.2. “Renewable Energy Credits” means all certificates (including tradable renewable certificates), “green tags,” or other transferable indicia denoting carbon offset credits or indicating generation of a particular quantity of energy from a renewable energy source by a renewable energy facility attributed to the Output during the Term created under a renewable energy, emission reduction, or other reporting program adopted by a governmental authority, or for which a registry and a market exists or for which a market may exist at a future time. “Reporting Rights” means the right of System Owner to report to any federal, state, or local agency, authority or other party, including without limitation under Section 1605(b) of the Energy Policy Act of 1992 and provisions of the Energy Policy Act of 2005, or under any present or future domestic, international or foreign emissions trading program, that System Owner owns the Green Attributes and the Environmental Financial Incentives associated with the Output. “Scheduled Outage” has the meaning given to it in Section 10.5. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 7 “Site” has the meaning given to it in the Recitals. “Site Lease Agreement” has the meaning given to it in the Recitals. “Site Electrical System” means the City’s existing building electrical systems that are owned or leased, operated, maintained and controlled by the City, and which systems are interconnected with the Host Utility. “Solar Electricity Price” has the meaning given to it in Section 8.1. “Subcontractor” means any subcontractor, of any tier, or supplier of services to System Owner or any subcontractor, of any tier. “System” has the meaning given to it in the Recitals. “System Assets” means all equipment, facilities and materials, including photovoltaic arrays, DC/AC inverters, wiring, Meters, tools, and any other property now or hereafter installed, owned, operated, or controlled by System Owner for the purpose of, or incidental or useful to, maintaining the use of the solar generation system and providing Output to the City at the Delivery Point, and as it may be modified during the Term. For the avoidance of doubt, the System Assets specifically exclude any part of the Site Electrical System. “System Financial Incentives” means each of the following financial rebates and incentives that is in effect as of the Effective Date or may come into effect in the future including, but not limited to, (a) any federal, state, or local tax credits, deductions, or other benefits based on ownership of, production from, operation of, or investment in the System, and (2) any grants, loans, or other funding available on advantageous terms based on the characteristics of the System from any source (including units of government, utilities, and private entities). System Financial Incentives do not include Green Attributes. “System Outage” has the meaning given to it in Section 10.2. “System Owner” has the meaning given to it in the introductory paragraph. “Tax Benefits” means all federal, state and local tax deductions, tax credits, tax grants, investment tax credits, production tax credits, and other tax benefits available to taxpayers, including grants under Section 1603 of the American Recovery and Reinvestment Act of 2009, Public Law 111 -5, as well as any replacements or modifications to such tax deductions, credits, grants or benefits. “Term” has the meaning given to it in Section 2.1. “Transfer Date” has the meaning given to it in Section 15.8. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 8 ARTICLE 2 TERM Section 2.1 Term. Section 2.1.1 This Agreement shall come into full force and effect and become binding on the Parties on the Effective Date and shall be in effect until the later of 00:00 hours on the twenty-fifth (25th) anniversary of the Commercial Operation Date or the end of any Extension Period, unless earlier terminated (the “Term”). Section 2.1.2 The Parties may mutually agree to extend the Term for two (2) consecutive periods of five (5) years each (each such extension, an “Extension Period”) in accordance with this Section 2.1.2, with each such Extension Period expiring at 00:00 hours on the respective anniversary of the Commercial Operation Date. No fewer than 180 days before the end of the Term, as may be extended pursuant to this Section 2.1.2, System Owner shall provide notice to the City of System Owner’s desire to extend the Term for an additional five (5) years. the City shall respond to System Owner’s notice within ninety (90) days of receipt indicating whether the City agrees to extend the Term for an additional five (5) years. If the City notifies System Owner that the City does not agree to extend the Term, the Term shall expire in accordance with Section 2.1.1. Section 2.1.3 Notwithstanding the provisions of this Section 2 regarding the Effective Date, the Parties agree that this Agreement does not take effect unless and until the following Conditions Precedent have been met: A. Conditions Precedent to System Owner’s Obligations. ○ The completion and approval, as applicable, of all necessary governmental filings or applications for Green Attributes and Environmental Financial Incentives relating to the operation of the System; ○ The receipt and any applicable required regulatory approval of all Permits relating to the System; and ○ The receipt of final approval of the Interconnection and Net Metering Agreements with the Host Utility. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 9 B. Conditions Precedent to the City’s Obligations. The obligations of the City hereunder are conditioned on and subject to the satisfaction or waiver of the following Conditions Precedent. System Owner shall have received all required approvals relating to the System by the applicable public utility commission or as otherwise required by applicable law. ARTICLE 3 CONSTRUCTION AND INSTALLATION OF SYSTEM Section 3.1 Construction and Installation of System. System Owner (or its Subcontractors) shall design, engineer, procure, install, construct, service, test, interconnect and start-up the System at the Site in a good and workmanlike manner, in accordance with all applicable codes, laws and regulations, and consistent with the technical specifications set forth in Exhibit B, which are hereby incorporated in this Agreement. Section 3.2 Subcontractors. Without limiting System Owner’s liability or obligations under this Agreement, System Owner may engage Subcontractors to meet any obligation under this Agreement. Any Subcontractors engaged by System Owner to perform any portion of the obligations described in this Agreement shall have all licenses and registrations required to perform the services to be performed by such Subcontractor, and, unless otherwise agreed to in writing by the City, any such Subcontractor must maintain insurance as required pursuant to Section 17.1. Upon request, System Owner shall provide the City with evidence that any such Subcontractor has obtained insurance as required pursuant to Sections 17.1 and Section 17.4. All subcontractor agreements shall include verbatim or by reference the provisions in this Agreement binding upon System Owner as to all Services provided by this Agreement, such that it is binding upon each and every subcontractor that does work or provides Services under this Agreement. ARTICLE 4 CONNECTION AND DELIVERY POINT; PURCHASE AND SALE OF OUTPUT Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 10 Section 4.1 Purchase and Sale of Output. Commencing on the Commercial Operation Date and continuing throughout the Term, System Owner will make available to the City, and the City will take delivery of, at the Delivery Point, all of the Output produced by the System. Any Output not immediately usable by the City will be exported to the Electricity Supplier pursuant to the Net Metering Tariff or Interconnection and Net Metering Agreements, or other similar agreement as applicable. Each Party agrees that, during the Term, it will not seek to change any of the rates or terms of this Agreement by making a filing or application with any local, state or federal agency with jurisdiction over such rates or terms or exercise any rights a Party may have, if any, to seek changes to such rates or terms without prior written consent of the other Party, such consent not to be unreasonably withheld. This provision does not affect either Party’s ability to amend this Agreement pursuant to Section 20.3. Section 4.2 Delivery Point. System Owner will deliver Output to the physical location where the System connects to the Site Electrical System (“Delivery Point”). Title to, risk of loss of, and custody and control of, the Output will pass from System Owner to the City at the Delivery Point. Section 4.3 Connection Responsibilities. System Owner is responsible for the interconnection of the System to the Site Electrical System and is solely responsible for all equipment, maintenance, and repairs associated with such interconnection equipment in accordance with the terms and conditions of this Agreement. the City shall at all times own and be responsible for the operation and maintenance of the Site Electrical System at and from the Delivery Point, as provided in Section 12.3. Section 4.4 Commercial Operation Date. System Owner will give the City not fewer than five (5) Business Days’ prior written notice that the System will begin Commercial Operation on the date indicated in such notice (such date, the “Commercial Operation Date”). Section 4.5 No Resale by the City. The City certifies and agrees that it will use Output for the City’s electricity needs, and dispose of excess Output beyond the City’s electricity needs through the Interconnection and Net Metering Agreement. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 11 Section 4.6 Taxes and Other Governmental Charges. To the extent that System Owner or the City becomes responsible for the payment of any tax or other government fees as a result of the placement, operation or maintenance of the System on the Premises during the Term of this Agreement, System Owner is responsible for the payment of all such taxes, fees, and/or assessments. Such obligation shall be limited to the construction, operation, and maintenance of the System Assets constructed by the System Owner on the Premises. The City shall pay for any and all taxes or other government fees assessed on the generation, sale, delivery or consumption of electric energy produced by the System. ARTICLE 5 COMMERCIAL OPERATION DEADLINE Section 5.1 Commercial Operation Deadline. The Parties agree that the Commercial Operation Date must occur on or before November 1, 2024 (“Commercial Operation Deadline”) System Owner shall use commercially reasonable efforts to (a) cause installation of the System to be completed and (b) cause the System to begin Commercial Operation on or before the Commercial Operation Deadline. The Parties may, upon mutual written agreement, extend the Commercial Operation Deadline by no more than [180] days. Section 5.2 Termination for Failure to Meet Commercial Operation Deadline. If the Commercial Operation Date has not occurred on or before the Commercial Operation Deadline or any extension thereof as provided in Section 5.1 System Owner shall be in default and the City may terminate this Agreement pursuant to the default provisions of Article ____ herein; provided, however, that such right to terminate shall not be available to the City if the City’s failure to fulfill any material obligations under this Agreement has been the cause of, or resulted in, the failure to meet the Commercial Operation Deadline and provided further that the Commercial Operation Deadline shall be extended by one day for each day of delay caused by (i) Force Majeure, (ii) delays in the receipt of any approvals by the applicable utility, or (iii) delays caused by an applicable governmental entity, provided Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 12 that such delays set forth in (ii) and (iii) are not the result of any act or omission on the part of System Owner. ARTICLE 6 ACCESS AND SPACE PROVISIONS; EMERGENCIES Section 6.1 Adequate Access for System Owner. System Owner and its Subcontractors, agents, consultants, and representatives shall have access to the Premises, the Site, the System, all System Assets, System operations and any documents, materials, records and accounts relating thereto in accordance with and subject to the terms and conditions of the Site Lease Agreement. System Owner must provide the City written notice 24-hours in advance of System Owner, and any of its subcontractors, agents, consultants and representative intent to access. Section 6.2 Emergencies. In the event of any Emergency, the City and System Owner, as applicable, shall take such action as may be reasonable and necessary to prevent, avoid and mitigate injury, damage or loss to the System, and any interruption, reduction or disruption of its proper operation, and shall, as soon as practicable, report any such incident, including such Party’s response thereto, to the other Party. Section 6.3 Data Acquisition System. During the Term, the City shall make available to System Owner broadband internet access at the Premises necessary for System Owner’s equipment to continuously monitor the System’s performance. ARTICLE 7 OWNERSHIP OF SYSTEM, ENVIRONMENTAL ATTRIBUTES AND FINANCIAL INCENTIVES Section 7.1 System Is Personal Property of System Owner . At all times throughout the Term, the System shall be and shall remain System Owner’s personal property, shall not be a fixture on the Site, and may be removed by System Owner in accordance with the terms and conditions of this Agreement and the Site Lease Agreement. System Owner shall have the right to file in the central and City records in which the Premises are located Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 13 financing statements evidencing System Owner’s title to the System. Neither the System nor any of its components may be sold, leased, assigned, mortgaged, pledged or otherwise alienated or encumbered by the City. the City shall not cause or permit the System or any part thereof to become subject to any lien, encumbrance, pledge, levy or attachment except for such liens, encumbrances, pledges, levies, or attachments entered into by the System Owner including but not limited to construction liens. However, in no event shall System Owner allow any encumbrances on the System that prevents System Owner from discharging its obligations under this Agreement, including to provide electricity to the City. Section 7.2 Ownership of System Financial Incentives, Tax Benefits and Green Attributes. System Owner is the owner, and entitled to the benefit of all System Financial Incentives and Tax Benefits. The City shall cooperate with System Owner in obtaining, securing and transferring all System Financial Incentives and the benefit of all Tax Benefits to System Owner, including by using the electric energy generated by the System in a manner necessary to qualify for such available System Financial Incentives and Tax Benefits. The City shall not be obligated to incur any out-of-pocket costs or expenses in connection with such actions for the benefit of the System Owner unless reimbursed by the System Owner. The Host Utility shall be the beneficial owner, and entitled to the benefit of all Green Attributes. ARTICLE 8 PURCHASE PRICE, INVOICING AND PAYMENT Section 8.1 Solar Electricity Price. The price for Output shall be on a cents-per-kilowatt-hour alternating current basis, as measured by the Meter, beginning at the Base Contract Price, such rate to be adjusted on each anniversary of the Commercial Operation Date, as set forth in the schedule attached as Exhibit C and incorporated by reference herein (the price for Output as in effect from time to time, the “Solar Electricity Price”). Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 14 Section 8.2 Invoices. Each month, System Owner shall prepare and provide the City with an invoice for the Output delivered in the prior month. The amount due for the Output shall be determined by multiplying the Solar Electricity Price then in effect by the Output deemed delivered to the City during such month, and each invoice will set forth in reasonable detail the calculation of all amounts owed to System Owner. Section 8.3 Payments. The City shall approve, disapprove, and pay invoices from System Owner in accordance with the provisions of the Illinois Local Government Prompt Payment Act, 50 ILCS 505/1 et seq. ARTICLE 9 METERING Section 9.1 Meter. System Owner shall install the Meter at the Delivery Point to measure the amount of Output delivered by System Owner to the City. System Owner shall own, operate and maintain the Meter during the Term at its own expense. Section 9.2 Meter Reading. System Owner shall read the Meter at the end of each calendar month, and shall record the Output delivered to the City. The Meter shall be used as the basis for calculating the amounts to be invoiced pursuant to Section 8.2. Upon written request, System Owner will make available to the City the records from the Meter. Section 9.3 Calibration. Section 9.3.1 System Owner shall provide calibration testing of the Meter prior to its installation and at least annually thereafter to ensure the accuracy of the Meter. the City may request that System Owner perform more frequent testing; provided, however, that if such tests indicate that the Meter is accurate within two percent (2.0%), then any such testing in excess of the annual tests shall be at the City’s expense. The City shall be entitled to witness such tests. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 15 Section 9.3.2 If, upon testing, any Meter is found to be accurate or in error within two percent (2%), then previous recordings of such Meter shall be considered accurate in computing deliveries of Output hereunder, but such Meter shall be promptly adjusted, if necessary, to record correctly. Section 9.3.3 If, upon testing, any Meter shall be found to be inaccurate by an amount more than plus or minus two percent (2%), then the System Owner shall promptly repair or adjust such Meter to record properly and any previous recordings by such Meter shall be corrected to zero error. If no reliable information exists as to the period over which such Meter registered inaccurately, it shall be assumed for purposes of correcting previously delivered invoices that such inaccuracy began at a point in time midway between the testing date and the next previous date on which such Meter was tested and found to be accurate. If the difference in the previously invoiced amounts minus the adjusted payment is a positive number, that difference shall offset amounts owed by the City to the System Owner in subsequent month(s). If the difference is a negative number, the difference shall be added to the next month’s invoice and addressed by the City as set forth in Section 8.3 of this Agreement. ARTICLE 10 INTERRUPTION OF SERVICE; SCHEDULED OUTAGES Section 10.1 Obstructions. The City shall not install or permit to be installed on the Premises (or any other property owned or controlled by the City) any physical obstruction that has or could reasonably be expected to have the effect of reducing Output. Section 10.2 Interruption of Output. Notwithstanding anything to the contrary herein, System Owner shall have the right to interrupt, reduce or discontinue the delivery of Output for purposes of inspecting, maintaining, repairing, replacing, constructing, installing, removing, or altering the equipment used for the production or delivery of Output, or at the direction of authorized governmental authorities or electric utilities (a “System Outage”). Other than unexpected interruptions or Emergencies, System Owner shall give the City notice at least five (5) Business Days before an interruption of Output deliveries and an estimate of Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 16 the expected duration of the interruption. Both System Owner and the City shall use commercially reasonable efforts to minimize any such interruption or disruption in delivery. Section 10.3 Repair and Maintenance. Section 10.3.1 System Owner shall use commercially reasonable efforts to maintain the System in good working order, and shall operate the System in accordance with all applicable laws, regulations and ordinances. Section 10.3.2 The City shall be solely responsible for the repair and maintenance of the Premises, including the Site and the Site Electrical System; provided, however, that if such repair, maintenance or replacement is caused by the negligence or intentional misconduct of System Owner, then System Owner shall be responsible for such costs to the extent of its negligence or intentional misconduct. the City and System Owner shall coordinate such activities so as to minimize disruption to the System. Section 10.3.3 The City shall notify System Owner immediately upon the City’s knowledge of (a) any material malfunction of or damage to the System and (b) any interruption or alteration of Output to the Premises. Section 10.3.4 The City may not adjust, modify, maintain, alter, service or in any way interfere with the System, except in the event of an Emergency; provided, however, that the City shall give System Owner prompt telephonic notice in such emergency that it has taken such emergency actions. Section 10.3.5 System Owner shall bear the costs associated with restoring service following any interruption of the supply of Electricity from the System as a result of System Owner’s operation of the System. The City shall bear the costs associated with the restoration of the delivery of Output if an interruption of such supply of Electricity is caused by the actions or inactions of the City or the condition of the Site Electrical System. Section 10.4 Scheduled Outages. The City may schedule up to two (2) full twenty-four (24) hour periods of disconnection from the System (each, a “Scheduled Outage”) per calendar year during the Term, during which days the City shall not be obligated to accept or pay for electricity from the System; provided, however, that the Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 17 City must notify System Owner in writing of each such Scheduled Outage at least forty-eight (48) hours in advance of the commencement of a Scheduled Outage. If Scheduled Outages exceed two (2) days per calendar year or there are unscheduled outages, in each case for a reason other than a Force Majeure event, System Owner will reasonably estimate the amount of electricity that would have been delivered to the City during such excess Scheduled Outages or unscheduled outages and will invoice the City for such amount in accordance with Section 8.2. Section 10.5 Performance Guarantee. System Owner shall deliver the guaranteed energy production on the terms and subject to the conditions set forth in Exhibit E (as may be updated by System Owner as described therein). Section 10.6 Extended System Outage. In the event System Owner must suspend, reduce or discontinue the delivery of Electricity to the City for a continuous period of fifteen (15) calendar days or more (an “Extended Outage”), including but not limited to as a result of an Emergency, Force Majeure Event, or System Outage, System Owner shall promptly (but not more than five (5) days after System Owner has knowledge of or reasonably expects an Extended Outage) provide written notice to the City setting forth (i) the reason for such Extended Outage, (ii) an estimate of the expected duration of the interruption , and (iii) the measures that System Owner has taken or will take in order to minimize the duration and scope of any such Extended Outage. Every two weeks thereafter, or more frequently as reasonably requested by the City, System Owner shall submit a report to the City detailing the measures System Owner has taken to resume delivery of Electricity to the City and the anticipated date on which delivery of Electricity shall resume. Provider shall diligently pursue a cure to such Extended Outage and shall take all steps necessary in accordance with standard industry practices to minimize the duration and scope of any such Extended Outage. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 18 ARTICLE 11 REPRESENTATIONS Section 11.1 Mutual Representations. The Parties make the following mutual representations and warranties: Section 11.1.1 Due Organization. Each Party represents that it is duly organized, validly existing and in good standing under the laws of its respective formation. Section 11.1.2 Due Authorization. Each Party represents that it is duly authorized and has the power to enter into this Agreement and perform its obligations hereunder. Section 11.1.3 No Consent Required. Each Party represents that it has all the rights required to enter into this Agreement and perform its obligations hereunder without the consent of any third party, including any Mortgagee. Section 11.1.4 Accuracy of Information. The information provided pursuant to this Agreement as of the Effective Date is true, correct and complete in all material respects. Section 11.2 Additional City Representations. The City makes the following additional representations and warranties to System Owner: Section 11.2.1 No Conflict. This Agreement is enforceable against the City in accordance with its terms and, to the best of the City’s knowledge after reasonable review, does not conflict with or violate the terms of any other agreement to which the City is a party or by which the City is bound, including, if applicable, the City’s organizational documents and any agreement pursuant to which the City has financed the Premises or the Site. This includes any agreement with an Alternative Retail Electric Supplier (as defined in 220 ILCS 5/16-102) or an Agent, Broker, or Consultant (as defined in 220 ILCS 5/16-115C). Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 19 Section 11.2.2 Ownership and Control over Premises. The City has sole authority to authorize construction and operation of all components of System. Section 11.2.3 Swimming Pool. No Electricity generated by the System will be used to heat a swimming pool. Section 11.3 Additional System Owner Representations. System Owner makes the following additional representations and warranties to the City: Section 11.3.1 No Conflict. This Agreement is enforceable against System Owner in accordance with its terms and does not conflict with or violate the terms of any other agreement to which System Owner is a party or by which System Owner is bound, including its organizational documents. Section 11.3.2 Ability to Perform. System Owner has no knowledge of any facts or circumstances that, but for the passage of time, would materially adversely affect System Owner’s ability to perform its obligations hereunder. Section 11.3.3 Delivery of Output. System Owner will deliver to the City the Output free and clear of all liens, security interests, claims and encumbrances, or any interest therein, or thereto, by any Person. Section 11.3.4 Services. System Owner represents and warrants that: (1) System Owner possesses and will keep in force all required licenses to perform the Services; (2) the employees of System Owner performing the Services are fully qualified, licensed as required, and skilled to perform the Services. System Owner shall perform all services in a professional and workmanlike manner. All services performed and documentation (regardless of format) provided by System Owner shall be in accordance with the standards of reasonable care and skill of the profession, free from errors or omissions, ambiguities, coordination problems, and other defects. System Owner shall take into account any and all applicable plans and/or specifications furnished Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 20 by the City, or by others at the City’s direction or request, to System Owner during the term of this Agreement. All materials, buildings, structures, or equipment designed or selected by System Owner shall be workable and fit for the intended use thereof, and will comply with all applicable governmental requirements. System Owner shall require its employees to observe the working hours, rules, security regulations and holiday schedules of the City while working and to perform its Services in a manner which does not unreasonably interfere with the City’s business and operations, or the business and operations of other tenants and occupants which may be affected by the work relative to this Agreement. System Owner shall take all necessary precautions to assure the safety of its employees who are engaged in the performance of the Services, all equipment and supplies used in connection therewith, and all property of the City or other parties that may be affected in connection therewith. If requested by the City, System Owner shall promptly replace any employee or agent performing the Services if, in the opinion of the City, the performance or behavior of the employee or agent is unsatisfactory. System Owner is responsible for conforming its final work product to generally accepted professional standards for all work performed pursuant to this Agreement. Nothing in this Agreement accords any third-party beneficiary rights whatsoever to any non-party to this Agreement that any non-party may seek to enforce. System Owner acknowledges and agrees that should System Owner or its subcontractors provide false information, or fail to be or remain in compliance with this Agreement; the City may void this Agreement. Section 11.3.5 If the System Owner sub-contracts any of the services to be performed under this Agreement, the System Owner shall be responsible for the accuracy and quality of any sub-contractor’s work. All sub-contractor agreements shall include verbatim or by reference the provisions in this Agreement binding upon System Owner as to all Services provided by this Agreement, such that it is binding upon each and every sub - contractor that does work or provides Services under this Agreement. System Owner shall not assign all or any part or its rights or obligations hereunder without the City’s express prior written approval. Any attempt to do so without the City’s prior consent shall, at the City’s option, be null and void and of no force or effect whatsoever. System Owner shall not employ, contract with, or use the services of any other architect, interior designer, Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 21 engineer, System Owner, special contractor, or other third party in connection with the performance of the Services without the prior written consent of the City. For the absence of doubt, the restrictions set forth in this Section 11.3.5 shall not be applicable to an assignment by System Owner in accordance with Section 18.3.2 and shall be subject in all respects to Article 19. Section 11.3.6 The System Owner shall cooperate fully with the City, other the City contractors, other municipalities and local government officials, public utility companies, and others, as may be directed by the City. This shall include attendance at meetings, discussions and hearings as requested by the City. This cooperation shall extend to any investigation, hearings or meetings convened or instituted by the City, any of its departments, and/or OSHA relative to this Project, as necessary. System Owner shall use best efforts to cooperate with the City in scheduling and performing its Work to avoid conflict, delay in or interference with the work of others, if any, at the Project. Section 11.3.7 System Owner acknowledges and agrees that should the System Owner or its sub-contractor knowingly and materially provide false information the City may terminate this Agreement. Section 11.3.8 System Owner certifies that it and its employees will comply with applicable provisions of the U.S. Civil Rights Act, Section 504 of the Federal Rehabilitation Act, the Americans with Disabilities Act (42 U.S.C. Section 1201 et seq.) and applicable rules in performance under this Agreement. Section 11.3.9 If System Owner, or any officer, director, partner, or other managerial agent of System Owner, has been convicted of a felony under the Sarbanes-Oxley Act of 2002, or a Class 3 or Class 2 felony under the Illinois Securities Law of 1953, System Owner certifies at least five years have passed since the date of the conviction. Section 11.3.10 System Owner certifies that it has not been convicted of the offense of bid rigging or bid rotating or any similar offense of any State in the U.S., nor made any admission of guilt of such conduct that is a matter of record. (720 ILCS 5/33 E-3, E-4). Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 22 Section 11.3.11 In accordance with the Steel Products Procurement Act, System Owner certifies steel products used or supplied in the performance of a contract for public works shall be manufactured or produced in the U.S. unless the City grants an exemption. Section 11.3.12 System Owner certifies that it is properly formed and an existing legal entity, and as applicable, has obtained an assumed name certificate from the appropriate authority, or has registered to conduct business in Illinois and is in good standing with the Illinois Secretary of State. Section 11.3.13 System Owner certifies that it is not delinquent in the payment of any fees, fines, damages, or debts to the City of Evanston. Section 11.3.14 Equal Employment Opportunity In the event of the System Owner’s noncompliance with any provision of Section 1-12-5 of the Evanston City Code, the Illinois Human Rights Act or any other applicable law, the System Owner may be declared non -responsible and therefore ineligible for future contracts or sub -contracts with the City, and the contract may be canceled or voided in whole or in part, and such other sanctions or penalties may be imposed or remedies invoked as provided by statute or regulation. During the performance of the contract, the System Owner agrees as follows: (1) That it will not discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, marital status, national origin or ancestry, or age or physical or mental disabilities that do not impair ability to work, and further that it will examine all job classifications to determine if minority persons or women are underutilized and will take appropriate affirmative action to rectify any such underutilization. System Owner shall comply with all requirements of City of Evanston Code Section 1-12-5. (2) That, in all solicitations or advertisements for employees placed by it on its behalf, it will state that all applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, sexual orientation, marital status, national origin, ancestry, or disability. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 23 Section 11.3.15 Sexual Harassment Policy The System Owner certifies pursuant to the Illinois Human Rights Act (775 ILCS 5/2105 et. seq.), that it has a written sexual harassment policy that includes, at a minimum, the following information: (1) The illegality of sexual harassment; (2) The definition of sexual harassment under State law; (3) A description of sexual harassment utilizing examples; (4) The System Owner’s internal complaint process including penalties; (5) Legal recourse, investigation and complaint process available through the Illinois Department of Human Rights and the Human Rights Commission, and directions on how to contact both; and (6) Protection against retaliation as provided to the Department of Human Rights. Section 11.3.16 Compliance with Applicable Statutes, Ordinances and Regulations. In performing the Services, System Owner shall comply with all applicable federal, state, county, and municipal statutes, ordinances and regulations, at System Owner’s sole cost and expense, except to the extent expressly provided to the contrary herein. Whenever the City deems it reasonably necessary for security reasons, the City may conduct at its own expense, criminal and driver history background checks of System Owner’s officers, employees, sub-contractors, or agents, solely to the extent such officers, employees, sub-contractors or agents are directly engaged in work for the City. System Owner shall immediately reassign any such individual who in the opinion of the City does not pass the background check. Section 11.3.17 Liens and Encumbrances. System Owner, for itself, and on behalf of all sub-contractors, suppliers, materialmen and others claiming by, through or under System Owner, hereby waives and releases any and all statutory or common law mechanics’ materialmen’s’ or other such lien claims, or rights to place a lien upon the City property or any improvements thereon in connection with any Services performed under or in connection with this Agreement. System Owner Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 24 further agrees, as and to the extent of payment made hereunder, to execute a sworn affidavit respecting the payment and lien releases of all sub- contractors, suppliers and materialmen, and a release of lien respecting the Services at such time or times and in such form as may be reasonably requested by the City. System Owner shall protect the City from all liens for labor performed, material supplied or used by System Owner and/or any other person in connection with the Services undertaken by System Owner hereunder, and shall not at any time suffer or permit any lien or attachment or encumbrance to be imposed by any sub -contractor, supplier or materialmen, or other person, proposer or corporation, upon the City property or any improvements thereon, by reason or any claim or demand against System Owner or otherwise in connection with the Services. ARTICLE 12 COVENANTS OF THE PARTIES Section 12.1 Permits. During the Term, System Owner shall obtain and maintain in effect all Permits, approvals, and other authorizations that may be required by any governmental agency or authority or by the Host Utility in connection with the interconnection and operation of the System. Those permits include, but are not limited to: • Construction permits; • Certification of all entities (including, as applicable, System Owner or any subcontractors) pursuant to 83 Ill. Admin. Code Part 468 as Distributed Generation Installers to the extent required under Part 468 and 220 ILCS 5/16-128A; • Enrollment in the Net Metering program pursuant to 83 Ill. Admin. Code Part 465 of the Host Utility or Electricity Provider, as applicable; Section 12.2 Compliance. During the Term, the applicable Party, as described in Section 12.1, (a) shall comply with, maintain in effect, and promptly notify the other Party of any change in status to, all such Permits, approvals, and authorizations; (b) shall maintain the Interconnection and Net Metering Agreements; and (c) shall meet all requirements imposed by the Host Utility, Electricity Provider (if different), and any federal, state or local government agencies with respect Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 25 to the Interconnection and Net Metering Agreements and to the sale and purchase of the Output. Section 12.3 Upgrades. The City shall perform (or arrange for the performance of) all normal maintenance and upgrades to the Site Electrical System to maintain the Site Electrical System in good working order, and such other maintenance and upgrades as may be required by the Host Utility or applicable laws, regulations, ordinances, and codes. ARTICLE 13 DEFAULT; LENDER CURE RIGHTS Section 13.1 Events of Default. An “Event of Default” means, with respect to a Party (a “Defaulting Party”), the occurrence of any of the following: Section 13.1.1 Emergency Termination. In the event of an emergency or threat to the life, safety or welfare of the citizens of the City of Evanston directly caused by the System, the City shall have the right to terminate this Agreement without prior written notice and such termination shall not be considered an Event of Default. Section 13.1.2 The City’s Failure to Comply. The City’s failure to comply with the provisions of the Local Government Prompt Payment Act, 50 ILCS 505/1. Section 13.1.3 Material Misrepresentation as of Effective Date. If the representations and warranties and other statements made by a Party hereunder or as part of the bidding process misrepresent a material fact as of the Effective Date, and such misrepresentation has a material adverse effect and such effect is not cured within thirty (30) days from the earlier of (a) notice from the Non-Defaulting Party or (b) the discovery or determination by the Defaulting Party of the misrepresentation; except that if the Defaulting Party commences an action to cure such misrepresentation within such sixty (60)-day period, and thereafter proceeds with all due diligence to cure such failure, the cure period shall extend for an additional sixty (60) days. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 26 Section 13.1.4 Failure to Meet Material Obligations. Except as otherwise expressly set out in this Article 13, if a Party fails to perform fully any material provision of this Agreement and either (a) such failure continues for a period of thirty (30) days after written notice of such nonperformance or (b) if the Defaulting Party commences an action to cure such failure to perform within such sixty (60-) day period, and thereafter proceeds with all due diligence to cure such failure, and such failure is not cured within sixty (60) days after the expiration of the initial sixty (60)-day period. Section 13.2 Remedies for Event of Default. If at any time an Event of Default with respect to a Defaulting Party has occurred and is continuing, the other Party (“Non-Defaulting Party”) shall, without limiting the rights or remedies available to the Non-Defaulting Party under this Agreement, applicable law or in equity, have the right: (a) by notice to the Defaulting Party, to designate a date, not earlier than the date of such notice and not later than thirty (30) Business Days after such date, as an early termination date (“Early Termination Date”) in respect of this Agreement; (b) to withhold any payments due to the Defaulting Party under this Agreement until such Event of Default is resolved; and (c) to suspend performance due to the Defaulting Party under this Agreement until such Event of Default is resolved. If the Non-Defaulting Party designates an Early Termination Date, this Agreement will terminate as of the Early Termination Date. Any City remedies in the event of a System Owner default are subject to Lender cure rights as set forth in Section 19.3. Section 13.3 Additional City Rights Upon Termination for Default. If the City is the Non-Defaulting Party, and the City elects to terminate this Agreement as provided in Section 13.2, the City shall be entitled, in its sole and absolute discretion, either to (a) require that System Owner remove and properly dispose of the System and System Assets, including any and all related equipment and materials, at System Owner’s sole cost and expense (or to remove and have stored the System at System Owner’s sole cost and expense, if System Owner fails to commence to remove the System within sixty (60) days after the Early Termination Date), or (b) exercise the Purchase Option provided in Article 15. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 27 Section 13.4 No Cross Default. The Parties acknowledge and agree that any default by a party to the Site Lease Agreement shall not constitute an Event of Default under this Agreement, and that any such default under the Site Lease Agreement shall be addressed according to the terms of the Site Lease Agreement. Section 13.5 Remedy. The City does not waive any right to exercise any option to cure any breach or default on the part of System Owner or its subcontractors, including but not limited to injunctive relief, an action in law or equity or termination of this Agreement as outlined in this Section pertaining to Default/Cure. ARTICLE 14 FORCE MAJEURE Section 14.1 Force Majeure. Neither System Owner nor the City shall be considered to be in default in the performance of its obligations under this Agreement to the extent that performance of any such obligation is prevented or delayed by a Force Majeure Event. If a Party is prevented or delayed in the performance of any such obligation by a Force Majeure Event, then such Party shall immediately provide notice to the other Party of the circumstances preventing or delaying performance and the expected duration thereof. Receipt of such notice shall be confirmed in writing as soon as reasonably possible. The Party whose work is prevented or delayed by a Force Majeure Event shall use commercially reasonable efforts to remove or repair the cause of the Force Majeure Event and shall resume performance of its obligations as soon as reasonably practicable. ARTICLE 15 PURCHASE OPTION; EXPIRATION Section 15.1 The City’s Purchase Option. For and in consideration of the payments made by the City under this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, System Owner hereby grants the City the right and option to purchase all of System Owner’s Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 28 right, title and interest in and to the System and System Assets at Fair Market Value, as defined below, on the terms set forth in this Article 15 (the “Purchase Option”). The Purchase Option is irrevocable by System Owner and may be exercised by the City as follows: (a) at the conclusion of the Term, including any Extension Period; (b) on the sixth (6th), tenth (10th) or fourteenth (14th) anniversary of the Commercial Operation Date; or (c) as an additional remedy in the Event of Default by System Owner, as described in Section 13.3. Section 15.2 Purchase Price. The price payable by the City for the System and System Assets upon execution of the Purchase Option shall be equal to the “Fair Market Value,” which shall be determined in an arm’s-length transaction between the Parties pursuant to which the City shall be under no compulsion to purchase the System or the System Assets; or, if no agreement is reached between the Parties, as such Fair Market Value is determined by an Independent Appraisal pursuant to Section 15.5 (the “Purchase Price”). Section 15.3 The City’s Request for a Determination of Purchase Price. No fewer than (a) one hundred eighty (180) days before the end of the Term, including any Extension Period, or the sixth (6th), tenth (10th) or fourteenth (14th) anniversary of the Commercial Operation Date; or (b) upon an Event of Default by System Owner under Article 13, the City shall have the right to provide a notice to System Owner requiring a determination of the Purchase Price pursuant to Section 15.4. Section 15.4 Determination of Purchase Price. Within thirty (30) days of System Owner’s receipt of a notice provided under Section 15.3, System Owner and the City shall mutually agree upon a Purchase Price for the System and System Assets, an Independent Appraisal shall be obtained pursuant to Section 15.5 to determine the Purchase Price at the discretion of either party. Section 15.5 Independent Appraiser to Determine the Purchase Price. Section 15.5.1 Selection of Independent Appraiser. No more than ten (10) days following agreement to obtain an Independent Appraisal, the Parties shall agree upon the identity of an independent Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 29 appraiser to determine the Fair Market Value of the System and System Assets (the “Independent Appraiser”). Section 15.5.2 Preliminary Determination. The Independent Appraiser shall make a preliminary determination of the Fair Market Value of the System and System Assets (the “Preliminary Determination”). Section 15.5.3 Final Determination. The Independent Appraiser shall provide such Preliminary Determination to System Owner and the City, together with all supporting documentation detailing the calculation of the Preliminary Determination. The System Owner and the City shall have the right to object to the Preliminary Determination within ten (10) days of receiving such Preliminary Determination. Within ten (10) Business Days after (i) receiving any such notice of objection to the Preliminary Determination or (ii) receiving no such notice of objection to the Preliminary Determination, the Independent Appraiser shall issue the Independent Appraiser’s final determination (“Final Determination”) to System Owner and the City, which shall specifically address any objections received by the Independent Appraiser and whether such objections were taken into account in making the Final Determination. Except in the case of fraud or manifest error, the Final Determination of the Independent Appraiser shall be final and binding on the Parties. Section 15.6 Costs and Expenses of Independent Appraisal. If an Independent Appraisal is requested by the City, then the City shall be responsible for payment of the costs and expenses associated with obtaining the Independent Appraisal. If an Independent Appraisal is requested by the System Owner, then the System Owner shall be responsible for payment of the costs and expenses of any Independent Appraiser engaged by the Parties. Section 15.7 Exercise of Purchase Option. The City shall exercise the Purchase Option, at the Purchase Price set forth in the Final Determination or as mutually agreed upon by the Parties, within ninety (90) Business Days after the date of the Final Determination, or, if the City and System Owner have mutually agreed upon a Purchase Price, the date that the Parties agree upon a Purchase Price (such period, the “Exercise Period”). The City must exercise its Purchase Option during the Exercise Period by providing a notice (an “Exercise Notice”) to the System Owner. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 30 Once the City delivers its Exercise Notice to the System Owner, such exercise shall be irrevocable. Upon at least three (3) Business Days’ prior written notice from the City at any time during the Exercise Period, System Owner shall make the System, including records relating to the operations, maintenance, and warranty repairs, available to the City for its inspection during normal business hours. Section 15.8 Transfer Date. The closing of any sale of the System and System Assets (the “Transfer Date”) pursuant to this Article will occur no later than thirty (30) Business Days following the date on which the City provides its Exercise Notice. With the exception of any provisions that expressly survive termination of this Agreement, System Owner’s duties and obligations under this Agreement shall terminate on the Transfer Date. Section 15.9 Terms of System Purchase. On the Transfer Date: (a) System Owner shall surrender and transfer to the City all of System Owner’s right, title, and interest in and to the System and System Assets as of the Transfer Date, free and clear of any Liens, and shall retain all liabilities arising from or related to the System and System Assets before the Transfer Date; (b) the City shall pay the Purchase Price and shall assume all liabilities arising from or related to the System from and after the Transfer Date; and (c) both Parties shall (i) execute and deliver a bill of sale and assignment of warranties, together with such other conveyance and transaction documents as are reasonably required to fully transfer and vest title to the System and System Assets in the City, and (ii) deliver ancillary documents, including releases, resolutions, certificates, third-party consents and approvals and such similar documents as may be reasonably necessary to complete the sale of the System and System Assets to the City. Upon such execution and delivery of the foregoing documents and payments, this Agreement will terminate, and the City will own the System, System Assets, and all Environmental Financial Incentives and Green Attributes relating to the System. Section 15.10 System Removal at Expiration. If the City does not exercise its Purchase Option, then at the end of the Term, as may be extended pursuant to Section 2.1.2, System Owner shall remove Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 31 the System and System Assets from the Premises at System Owner’s expense within one hundred twenty (120) days after the expiration of the Term. Upon removal, System Owner shall endeavor to reuse or recycle any System materials and Assets to the extent possible and to the best of its abilities. To the extent that System Owner removes any or all of the System and System Assets, System Owner shall make or have made any repairs to the Premises to the extent necessary to repair any adverse impact such removal directly causes to the Premises. ARTICLE 16 LIABILITY; INDEMNIFICATION Section 16.1 System Owner. System Owner shall defend, indemnify and hold harmless the City and its officers, elected and appointed officials, agents, and employees from any and all liability, losses, or damages as a result of claims, demands, suits, actions, or proceedings of any kind or nature, including but not limited to costs, and fees, including attorney’s fees, judgments or settlements, resulting from or arising out of any negligent or willful act or omission on the part of the System Owner or System Owner’s sub-contractors, employees, agents or subcontractors during the performance of this Agreement. Such indemnification shall not be limited by reason of the enumeration of any insurance coverage herein provided. This provision shall survive completion, expiration, or termination of this Agreement. System Owner further agrees to pay the City for the reasonable costs and expenses directly relating to the breach of any representation, warranty, or covenant of System Owner hereunder. System Owner further agrees to pay for the reasonable costs and expenses, exclusive of consequential damages, of any repairs to or loss of the Premises or the City’s personal property or fixtures on the Premises, to the extent resulting from negligence or intentional misconduct of System Owner or any of its contractors, second -tier contractors, agents, employees, partners, owners, subsidiaries or affiliates. System Owner shall be responsible for any losses and costs to repair or remedy work performed under this Agreement resulting from or arising out of any negligent act or intentional omission, neglect, or misconduct in the performance of its work or its subcontrator’s work. Acceptance of the work by the City will not relieve the System Owner of the responsibility for Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 32 subsequent correction of any such error, omissions and/or negligent acts or of its liability for loss or damage resulting therefrom. All provisions of this Section shall survive completion, expiration, or termination of this Agreement. Section 16.2 The City. The City shall defend, indemnify and hold harmless the System Owner and its directors, officers, shareholders, partners, members, agents, employees and affiliates from any and all liability, losses, or damages as a result of claims, demands, suits, actions, or proceedings of any kind or nature, made by a third party, including but not limited to costs, and fees, including attorney’s fees, judgments or settlements, resulting from or arising out of any negligent or willful act or omission on the part of the City or the City’s officers, elected and appointed officials, agents, and employees during the performance of this Agreement. Such indemnification shall not be limited by reason of the enumeration of any insurance coverage herein provided. This provision shall survive completion, expiration, or termination of this Agreement. The City agrees to pay the System Owner for the reasonable costs and expenses directly relating to the breach of any representation, warranty, or covenant of the City hereunder. The City further agrees to pay for the reasonable costs and expenses of any repairs to, or loss of, the System, exclusive of consequential damages, to the extent such repairs arise out of the negligent or willful act or omission on the part of the City or the City’s officers, elected and appointed officials, agents, and employees during the performance of this Agreement. Section 16.3 Defense of Claims. An indemnified party shall give the indemnifying party written notice with respect to any claim, action or suit (a “Claim”) asserted by a third party as soon as possible upon the receipt of information of any possible Claim. The indemnifying party shall have no liability under this Section 16.3 for any Claim for which such notice is not provided if that failure to give notice prejudices the indemnifying party. The indemnifying party shall assume defense of any Claim, at its sole cost and expense, with counsel designated by the indemnifying party and reasonably satisfactory to the indemnified party. Nothing contained herein shall be construed as prohibiting the indemnified party from defending through the selection and use of their own agents, Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 33 attorneys, and experts, any claims, actions or suits brought against them if the indemnifying party fails to assume the defense of the Claim within a reasonable time. Nothing herein shall be construed as a limitation or waiver of defenses available to the City and employees and agents, including but not limited to the Illinois Local Governmental and Governmental Employees Tort Immunity Act, 745 ILCS 10/1-101 et seq. The indemnified party has the right, at its option, to participate, at its own cost, in the defense of any suit, without relieving the indemnifying party of any of its obligations under this Agreement. Any settlement of any claim or suit related to this Agreement must be made only with the prior written consent of the other party, such consent not to be unreasonably withheld or delayed. ARTICLE 17 INSURANCE Section 17.1 System Owner Insurance. System Owner shall carry and maintain at its own cost with such companies as are reasonably acceptable to the City all necessary liability insurance (which shall include as a minimum the requirements set forth below) during the term of this Agreement, for damages caused or contributed to by System Owner, and insuring System Owner against claims which may arise out of or result from System Owner’s performance or failure to perform the Services hereunder: (1) worker’s compensation in statutory limits and employer’s liability insurance in the amount of at least $500,000, (2) comprehensive general liability coverage, and designating the City as additional insured for not less than $3,000,000 combined single limit for bodily injury, death and property damage, per occurrence, provided that foregoing limits may be satisfied through a combination of primary and excess policies (3) comprehensive automobile liability insurance covering owned, non -owned and leased vehicles for not less than $1,000,000 combined single limit for bodily injury, death or property damage, per occurrence, and (4) errors and omissions or professional liability insurance respecting any insurable professional services hereunder in the amount of at least $1,000,000, provided that such professional liability insurance may be carried by a subcontractor providing insurable professional services and shall be required Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 34 solely to the extent and for such time as System Owner or a subcontractor is actively engaged in insurable professional services to be provided hereunder . System Owner shall give to the City certificates of insurance for all Services done pursuant to this Agreement before System Owner performs any Services, and, if requested by the City, certified copies of the policies of insurance evidencing the coverage and amounts set forth in this Section. The City may also require System Owner to provide copies of the Additional Insured Endorsement to said policy (ies) which name the City as an Additional Insured for all of System Owner’s Services and work under this Agreement. Any limitations or modification on the certificate of insurance issued to the City in compliance with this Section that conflict with the provisions of this Section shall have no force and effect. System Owner’s certificate of insurance shall contain a provision that the coverage afforded under the policy(s) will not be canceled or reduced without thirty (30) days prior written notice (hand delivered or registered mail) to the City. System Owner understands that the acceptance of certificates, policies and any other documents by the City in no way releases the System Owner and its sub - contractors from the requirements set forth herein. System Owner expressly agrees to waive its rights, benefits and entitlements under the “Other Insurance'' clause of its commercial general liability insurance policy as respects the City. In the event System Owner fails to purchase or procure insurance as required above, the parties expressly agree that System Owner shall be in default under this Agreement, and that the City may recover all losses, attorney’s fees and costs expended in pursuing a remedy or reimbursement, at law or in equity, against System Owner. System Owner acknowledges and agrees that if it fails to comply with all requirements of this Section, that the City may terminate this Agreement pursuant to Section 13.2 above. Section 17.2 City Insurance. The City is self-insured up to an amount of $1.25 million and shall carry and maintain at its own cost excess liability insurance with a limit of $5,000,000 per occurrence. Upon System Owner’s written request, the City shall deliver to System Owner certificates of insurance evidencing the above required coverage. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 35 ARTICLE 18 SYSTEM RELOCATION; ASSIGNMENT Section 18.1 System Relocation. If the City ceases to conduct operations at or vacates the Premises before the expiration of the Term, then upon not fewer than one hundred twenty (120) days’ prior written notice, the City shall have the option to provide System Owner with a mutually agreeable substitute premises located within the same Host Utility territory as the Premises. In connection with such substitution, this Agreement will be amended to reflect the substitute premises. The City shall pay all costs associated with relocation of the System, including but not limited to all costs and expenses incurred by or on behalf of System Owner in connection with removal of the System from the Premises, and installation and testing of the System at the substitute premises and all applicable interconnection fees and expenses. System Owner shall remove the System from the vacated Premises before the termination of the City’s ownership, lease or other rights to use such Facility. Section 18.2 Assignment by the City. The City shall not assign this Agreement or delegate the City’s duties and obligations hereunder without the consent of System Owner, which consent not to be unreasonably withheld. Without limiting the generality of the foregoing, in connection with any conveyance by the City of any interest in Premises that impacts (i) the Interconnection Agreement, (ii) rights or access to the System or System Assets, or (iii) ownership or operation of the City’s electric system excluding the System, the City may (a) assign this Agreement to the fee purchaser of the Premises, pursuant to an assignment and assumption agreement reasonably acceptable to System Owner; or (b) if such sale and conveyance occurs after the sixth (6th) anniversary of the Commercial Operations Date, purchase the System pursuant to Article 15. Section 18.3 Assignment by System Owner. Section 18.3.1 Subject to Section 18.3.2, System Owner may, with the consent of the City (which consent shall not be unreasonably withheld), assign its interest in, and be released from its obligations under, this Agreement to an assignee, as long as the assignee shall expressly assume this Agreement and agree to be bound by the terms and conditions hereof. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 36 Section 18.3.2 System Owner may, without the consent of the City, (a) transfer, pledge or assign all or substantially all of its rights and obligations hereunder as security for any financing and/or sale leaseback transaction or to an affiliated special purpose entity created for the financing or tax credit purposes related to the System, (b) transfer or assign this Agreement to any Person or entity succeeding to all or substantially all of the assets of System Owner; provided, however, that any such assignee shall agree to be bound by the terms and conditions hereof, (c) assign this Agreement to one or more affiliates; provided, however, that any such assignee shall agree to be bound by the terms and conditions hereof or (d) assign its rights under this Agreement to a successor entity in a joint venture, merger or acquisition transaction; provided, however, that any such assignee shall agree to be bound by the terms and conditions hereof. The City agrees to provide acknowledgements, consents, or certifications reasonably requested by any Lender in conjunction with any financing. ARTICLE 19 LENDER PROTECTION Section 19.1 Notice of Lender. System Owner shall notify the City of the identity of any Lender within thirty (30) days of any such party becoming a Lender and shall deliver to the City all applicable contact information for such Lender. Section 19.2 Lender Collateral Assignment. Upon notice and delivery by System Owner pursuant to Section 19.1 of the name and contact information for any Lender, then the City hereby: Section 19.2.1 Acknowledges the collateral assignment by System Owner to the Lender, of System Owner’s right, title and interest in, to and under this Agreement, as consented to under Section 19.2.2; Section 19.2.2 Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 37 Acknowledges that any Lender as such collateral assignee shall be entitled to exercise any and all rights of lenders generally with respect to System Owner’s interests in this Agreement; Section 19.2.3 Acknowledges that it has been advised that System Owner has granted a security interest in the System to the Lender and that the Lender has relied upon the characterization of the System as personal property, as agreed in this Agreement, in accepting such security interest as collateral for its financing of the System; and Section 19.2.4 Acknowledges that any Lender shall be an intended third-party beneficiary of this Article 19. Section 19.2.5 Any security interest filing by Lender shall not create any interest in or lien upon the Premises underlying the System Assets or the interest of the City therein and shall expressly disclaim the creation of such an interest or a lien. Section 19.3 Lender Cure Rights Upon System Owner Default. Upon an Event of Default by System Owner, the City shall deliver to each Lender of which it has notice a copy of any notice of default delivered under Section 13.1. Following the receipt by any Lender of any notice that System Owner is in default in its obligations under this Agreement, such Lender shall have the right but not the obligation to cure any such default, and the City agrees to accept any cure tendered by the Lenders on behalf of System Owner in accordance with the following: (a) a Lender shall have the same period after receipt of a notice of default to remedy an Event of Default by System Owner, or cause the same to be remedied, as is given to System Owner after System Owner’s receipt of a notice of default hereunder. The Lender shall have the absolute right to substitute itself or an affiliate for System Owner and perform the duties of System Owner hereunder for purposes of curing such Event of Default. the City solely expressly consents to such substitution, and authorizes the Lender, its affiliates (or either of their employees, agents, representatives or contractors) to enter upon the Premises to complete such performance with all of the rights and privileges of System Owner, but subject to the terms and conditions of this Agreement. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 38 ARTICLE 20 MISCELLANEOUS Section 20.1 Governing Law; Jurisdiction; Dispute Resolution; Waiver of Jury Trial Section 20.1.1 Governing Law. The rights and duties arising under this Agreement shall be governed by the laws of the State of Illinois. Venue for any action arising out or due to this Agreement shall be in Cook County, Illinois. The City shall not enter into binding arbitration to resolve any dispute under this Agreement. The City does not waive tort immunity by entering into this Agreement. Section 20.1.2 Jurisdiction. The Parties hereby consent and submit to the personal jurisdiction of the Circuit Court of Cook County, Illinois. Section 20.2 Notices. Any written notice, direction, instruction, request or other communication required or permitted under this Agreement shall be deemed to have been duly given on the date of receipt, and shall be delivered to the Party to whom notice is to be given (a) personally, (b) by electronic mail (receipt acknowledgment), (c) by a recognized overnight delivery service or (d) by first class registered or certified mail, return receipt requested, postage prepaid (with additional notice by regular mail), and addressed to the to the Party to whom notice is to be given at the address stated below its name below, or at the most recent address specified by written notice given to the other Party in the manner provided in this Section 20.2. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 39 If to SYSTEM OWNER: Onyx Development Group LLC 230 Park Ave Suite 845 New York, NY 10169 OASG@onyxrenewables.c om With a copy to System Owner’s legal representative: Onyx Development Group LLC ATTN; Legal Department 230 Park ave Suite 845 New York, NY 10169 legal@onyxrenewables.co m If to the City: City of Evanston ATTN: Luke Stowe, City Manager 2100 Ridge Avenue Evanston, IL 60201 citymanagersoffice @cityofevanston.org With a copy to the City’s legal representative: City of Evanston ATTN: Corporation Counsel 2100 Ridge Avenue Evanston, IL 60201 lawoffice @cityofevanston.org Section 20.3 Independent Contractor. System Owner’s status shall be that of an independent contractor and not that of a servant, agent, or employee of the City. The System Owner shall not hold itself out, nor claim to be acting, as a servant, agent or employee of the City. System Owner is not authorized to, and shall not, make or undertake any agreement, understanding, waiver or representation on behalf of the City. System Owner shall at its own expense comply with all applicable workers compensation, unemployment insurance, employer’s liability, tax withholding, minimum wage and hour, and other federal, state, county and municipal laws, ordinances, rules, regulations and orders. System Owner shall require its employees to observe the working hours, rules, security regulations and holiday schedules of the City, including but not limited to all policies and work rules applicable to the City employees while on the City property such as the Workplace Harassment Policy; COVID-19 Vaccination Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 40 Policy; and Drug and Alcohol Policy. System Owner agrees to abide by the Occupational Safety & Health Act of 1970 (OSHA), and as the same may be amended from time to time, applicable state and municipal safety and health laws and all regulations pursuant thereto. System Owner shall certify that its agents, employees and subcontractors are in compliance with the City work rules applicable to the City employees while on the City property. Failure to certify or violation of work rules is subject to the Default provisions of this Agreement. Section 20.4 Conflict of Interest. System Owner represents and warrants that no prior or present services provided by System Owner to third parties conflict with the interests of the City in respect to the Services being provided hereunder except as shall have been expressly disclosed in writing by System Owner to the City and consented to in writing to the City. Section 20.5 Review of Documents and Other Materials. During the Term, the City shall have the right to review and inspect all originals, duplicates and negatives of all plans, drawings, reports, photographs, charts, programs, models, specimens, specifications, AutoCAD Version 2023, Excel spreadsheets, PDF, and other documents or materials required to be furnished by System Owner hereunder, including drafts and reproduction copies thereof. The City shall not publish, transfer, license or, except in connection with carrying out obligations under this Agreement, use or reuse all or any part of such reports and other documents, including working pages, without the prior written approval of the System Owner. Section 20.6 Right to Audit. System Owner shall for a period of three years following performance of the Services, keep and make available for the inspection, examination and audit by the City or the City’s authorized employees, agents or representatives, at all reasonable time, all records respecting the services and expenses incurred by System Owner, including without limitation, all book, accounts, memoranda, receipts, ledgers, canceled checks, and any other documents indicating, documenting, verifying or substantiating the cost and appropriateness of any and all expenses , provided that the City or its authorized employees, agents or representatives shall not request to inspect, examine or audit such materials more than twice in any given calendar year . If any Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 41 invoice submitted by System Owner is found to have been overstated, System Owner shall provide the City an immediate refund of the overpayment together with interest at the highest rate permitted by applicable law, and shall reimburse all of the City’s expenses for and in connection with the audit respecting such invoice. Section 20.7 Confidentiality. In connection with this Agreement, the City may provide System Owner with information to enable System Owner to render the Services hereunder, or System Owner may develop confidential information for the City. System Owner agrees (1) to treat, and to obligate System Owner’s employees to treat, as secret and confidential all such information whether or not identified by the City as confidential, (2) not to disclose any such information or make available any reports, recommendations and /or conclusions which System Owner may make for the City to any person, proposer or corporation or use the same in any manner whatsoever without first obtaining the City’s written approval, and (3) not to disclose to the City any information obtained by System Owner on a confidential basis from any third party unless System Owner shall have first received written permission from such third party to disclose such information. Pursuant to the Illinois Freedom of Information Act, 5 ILCS 140/7(2), records in the possession of others whom the City has contracted with to perform a governmental function are covered by the Act and subject to disclosure within limited statutory timeframes (five (5) working days with a possible five (5) working day extension). Upon notification from the City that it has received a Freedom of Information Act request that calls for records within the System Owner’s control, the System Owner shall promptly provide all requested records to the City so that the City may comply with the request within the required timeframe. The City and the System Owner shall cooperate to determine what records are subject to such a request and whether or not any exemption to the disclosure of such records or part thereof is applicable. System Owner shall indemnify and defend the City from and against all claims arising from the City’s exceptions to disclosing certain records which System Owner may designate as proprietary or confidential. Compliance by the City with an opinion or a directive from the Illinois Public Access Counselor or the Attorney General under FOIA, or with a decision or order of Court with jurisdiction over the City, shall not be a violation of this Section. Section 20.8 Use of the City’s Name or Picture of Property. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 42 System Owner shall not in the course of performance of this Agreement or thereafter use or permit the use of the City’s name nor the name of any affiliate of the City, nor any picture of or reference to its Services in any advertising, promotional or other materials prepared by or on behalf of System Owner, nor disclose or transmit the same to any other party without express prior written consent of the City. Section 20.9 Amendments. No amendments or modifications of this Agreement shall be valid unless evidenced in writing and signed by duly authorized representatives of both System Owner and the City or their respective successors in interest. Section 20.10 Records. Each Party hereto shall keep complete and accurate records of its operations hereunder for a minimum of five (5) years and shall maintain such data as may be necessary to determine with reasonable accuracy any item relevant to this Agreement. Each Party shall have the right to examine, at its sole cost, all such records insofar as may be necessary for the purpose of ascertaining the reasonableness and accuracy of any statements of costs relating to transactions hereunder. Section 20.11 Attorney’s Fees. In the event that the City commences any action, suit, or other proceeding to remedy, prevent, or obtain relief from a breach of this Agreement by System Owner, or arising out of a breach of this Agreement by System Owner, the City shall recover from the System Owner as part of the judgment against System Owner, its attorneys’ fees and costs incurred in each and every such action, suit, or other proceeding. Section 20.12 Severability. In the event that any provision of this Agreement should be held void, or unenforceable, the remaining portions hereof shall remain in full force and effect. Section 20.13 Counterpart Execution. The Parties may execute this Agreement in counterparts, which shall, in the aggregate, when signed by both Parties constitute one and the same instrument; and, thereafter, each counterpart shall be deemed an original instrument as against any Party who has signed it. A fax or scanned transmission of a signature page shall be considered an original signature page. At the request of a Party, a Party shall confirm its faxed or scanned signature page by delivering an original signature page to the requesting Party. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 43 Section 20.14 Service Agreement. The Parties intend that this Agreement be treated as a “service contract” within the meaning of Section 7701(e) of the Internal Revenue Code. Section 20.15 Headings. The headings in this Agreement have been inserted for the purpose of convenience and ready reference. They do not purport to, and shall not be deemed to, define, limit, or extend the scope or intent of the clauses to which they pertain. Section 20.16 No Waiver. Any failure or delay by the City to enforce the provisions of this Agreement shall in no way constitute a waiver by the City of any contractual right hereunder, unless such waiver is in writing and signed by the City. Section 20.17 Survival. Any provisions necessary to give effect to the intent of the Parties hereunder after the termination or expiration of this Agreement shall survive the termination or expiration of this Agreement, including but not limited to Section 20.1, Section 20.12 and Article 16. Section 20.18 Marketing and Confidential Information . Section 20.18.1 The Parties agree and acknowledge that each Party may promote the installation and use of the System by any means. All public statements must accurately reflect the rights and obligations of the Parties under this Agreement, including the ownership of Green Attributes and Environmental Financial Incentives, and any related reporting rights. Section 20.18.2 Each Party shall provide to the other Party, in advance of distribution to any Person, a copy of any marketing or promotional material related to the System. Section 20.18.3 The City agrees that this Agreement and its performance by both Parties are proprietary and confidential to System Owner. Without the prior written consent of System Owner, the City shall not share information provided by System Owner to the City from the Meter, or any other performance data related to the System with any third parties. the City shall not disclose to any third parties the terms of this Agreement or costs incurred by either Party under this Agreement without System Owner’s prior written consent. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 44 Section 20.18.4 If required by any law, statute, ordinance, decision, order or regulation passed, adopted, issued or promulgated by a court, governmental agency or authority having jurisdiction over a Party, that Party may release such confidential information, or a portion thereof, to the court, governmental agency or authority, as required by applicable law, statute, ordinance, decision, order or regulation, and a Party may disclose such confidential information to accountants in connection with audits. Notwithstanding the foregoing, System Owner acknowledges that the City is a public entity subject to certain public records disclosure statutes and regulations. System Owner further acknowledges that although the Illinois Freedom of Information Act recognizes that certain confidential trade secret information may be protected from disclosure, the City may not be in a position to establish that the information that System Owner provides as confidential is a trade secret. If a request is made for information marked “Confidential”, “Trade Secret” or “Proprietary”, the City will provide the System Owner with reasonable notice to seek protection from disclosure by a court of competent jurisdiction. Section 20.19 No Confidentiality Regarding Tax Structure or Treatment. Notwithstanding anything to the contrary set forth herein or in any other agreement to which the Parties are parties or by which they are bound, the obligations of confidentiality contained herein and therein, as they relate to the transaction, shall not apply to the U.S. federal tax structure or U.S. federal tax treatment of the transaction, and each Party (and any employee, representative, or agent of any Party hereto) may disclose to any and all Persons, without limitation of any kind, the U.S. federal tax structure and U.S. federal tax treatment of the transaction. The preceding sentence is intended to cause the transaction not to be treated as having been offered under conditions of confidentiality for purposes of Section 1.6011 -4(b)(3) (or any successor provision) of the Treasury Regulations promulgated under Section 6011 of the Code and shall be construed in a manner consistent with such purpose. In addition, each Party acknowledges that it has no proprietary or exclusive rights to the tax structure of the transaction or any tax matter or tax idea related to the transaction. Section 20.20 Integration. This Agreement, together with Exhibits attached hereto, sets forth all the covenants, conditions and promises between the parties with regard to the subject matter set forth herein. There are no covenants, promises, agreements, conditions or understandings between the parties, either oral or written, other than those contained in this Agreement. This Agreement has been negotiated and entered into by each party with the opportunity to consult with its counsel regarding the terms therein. No portion of the Agreement shall be construed against a party due to the fact that one party drafted that particular portion as the rule of contra proferentem shall not apply. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 45 In the event of any inconsistency between this Agreement, and any Exhibits, this Agreement shall control over the Exhibits. In no event shall any proposal or contract form submitted by System Owner be part of this Agreement unless agreed to in a writing signed by both parties and attached and referred to herein as an Addendum, and in such event, only the portions of such proposal or contract form consistent with this Agreement and Exhibits hereto shall be part hereof. Section 20.21 Time. System Owner agrees all time limits provided in this Agreement and any Addenda or Exhibits hereto are of essence to this Agreement. System Owner shall continue to perform its obligations while any dispute concerning the Agreement is being resolved, unless otherwise directed by the City. [SIGNATURE PAGE FOLLOWS] Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 46 IN WITNESS WHEREOF, the duly authorized representatives of each of the Parties have executed this Agreement, effective as of the Effective Date. The City: By:______________________________ Name: Luke Stowe Title: City Manager SYSTEM OWNER: By:________________________________ Name: Patricia L. Rollin Title: Authorized Signatory Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc Signer ID: YDVR2NXC10... 15 Feb 2024, 11:44:38, CST 47 EXHIBIT A Description of the Premises The Robert Crown Community Center complex located at 1801 Main St, Evanston, IL 60202 Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 48 EXHIBIT A-1 Description and Depiction of the Site Rooftop and electrical room at the Robert Crown Community Center Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 49 EXHIBIT B Description of the System System Type: Rooftop Interconnection: behind the meter Size: 966kW dc Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 50 EXHIBIT C Solar Electricity Price Schedule The Solar Electricity Price with respect to each System under the Agreement shall be as follows: Year of Term kWh Rate[*] ($/kWh) Year of Term $/kWh Rate[*] ($/kWh) 1 0.0395 11 0.0395 2 0.0395 12 0.0395 3 0.0395 13 0.0395 4 0.0395 14 0.0395 5 0.0395 15 0.0395 6 0.0395 16 0.0395 7 0.0395 17 0.0395 8 0.0395 18 0.0395 9 0.0395 19 0.0395 10 0.0395 20 0.0395 Calculated based on Base Contract Price multiplied by 0% inflation factor for each year. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 51 EXHIBIT D Electric Funds Transfer Instructions Each monthly invoice shall contain: 1. the time period for the electricity deliveries to the City; 2. the quantity of electricity delivered during the time period; 3. the rate for the electricity delivered including any green attributes if relevant; and 4. the total amount due and the payment instructions. In addition, there will be contact information for any questions that might arise. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 52 EXHIBIT E Production Guarantee Robert Crown Community Center PPA Year Guaranteed Annual kWh Estimated Annual kWh Year 1 1,044,644 1,228,993 Year 2 1,039,420 1,222,848 Year 3 1,034,223 1,216,733 Year 4 1,031,872 1,213,967 Year 5 1,023,907 1,204,596 Year 6 1,018,787 1,198,573 Year 7 1,013,693 1,192,581 Year 8 1,011,388 1,189,869 Year 9 1,003,582 1,180,685 Year 10 998,564 1,174,781 Year 11 993,571 1,168,907 Year 12 991,312 1,166,249 Year 13 983,660 1,157,247 Year 14 978,742 1,151,461 Year 15 973,848 1,145,704 Year 16 971,634 1,143,099 Year 17 964,134 1,134,275 Year 18 959,313 1,128,604 Year 19 954,517 1,122,961 Year 20 952,346 1,120,407 1. Guaranteed Production. System Owner guarantees that the System shall produce at least eighty-five percent (85%) of the Guaranteed Annual kWh with respect to each Contract Year the Term as set forth in the above table of this Exhibit E, as adjusted downward for actual weather conditions and any Excused Energy (as defined below) (such adjusted figure, for such period, the "Guaranteed Production") until the expiration or earlier termination of this Agreement. 2. Production Report. System Owner shall provide the City a report of the actual production of the System and its calculation of the Guaranteed Production within ninety Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc 53 (90) days of the end of each Contract Year. 3. Guaranteed Production Payment. For any Contract Year in which the System fails to meet the Guaranteed Production, System Owner shall pay to the City (or, at the election of the City, provide the City a credit against future monthly charges due to System Owner from the City pursuant to provide the City, as liquidated damages, a credit against future monthly charges due to System Owner from the City pursuant to Article 8) in an amount equal to (a) the positive difference (if any) between (i) the average fair market value per kilowatt hour for energy produced by the System credited to the City by the Host Utility during such Contract Year, and (ii) the Solar Electricity Price corresponding to such Contract Year set forth on Exhibit C; provided, that such amount in this clause (a) shall not exceed one hundred percent (100%) of the Solar Electricity Price corresponding to such period; multiplied by (b) the difference between (x) the Guaranteed Production corresponding to such period, and (y) the actual production of the System during such period (the “Guaranteed Production Payment”). 4. Excused Energy. The guarantee set forth in this Exhibit E does not apply to the extent of any reduced generation from the System due to the following (the "Excused Energy"): (A) Force Majeure events as set forth in Article 14; (B) the City’s failure to perform, or breach of, the City’s obligations under this Agreement; (C) curtailment, outages, or other reduction of energy production of the System required or caused by the Host Utility or by any authority having jurisdiction over the operation or availability of the System, the City; or (D) due to Scheduled Outages. 5. Liquidated Damages. For the avoidance of doubt, System Owner shall not be deemed to be in breach of this Agreement as a result of the System's failure to meet the Guaranteed Production so long as System Owner complies with any obligation to pay the City, as liquidated damages, the Guaranteed Production Payment. Document ID: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d39bc Signature Certificate Envelope Ref:f16443653c6641b0364563edbc0e0f6a1692f821 Author: Cara Pratt Creation Date: 13 Feb 2024, 09:44:26, CST Completion Date: 15 Feb 2024, 11:44:38, CST Document Details: Name: City of Evanston - SOLAR ENERGY PPA Robert Crown - v.F. - Onyx Executed - 02.06.2024 Type: Document Ref: 1709a2cb03aefba37c2f32a6dc71ef2130e38e037b346f27e99a62212e4d 39bc Document Total Pages: 53 Document Signed By: Name: Luke Stowe Email: lstowe@cityofevanston.org IP: 66.158.65.76 Location: EVANSTON, IL (US) Date: 15 Feb 2024, 11:44:38, CST Consent: eSignature Consent Accepted Security Level: Email Signer ID :YDVR2NXC10... 15 Feb 2024, 11:44:38, CST Document History: Envelope Created Cara Pratt created this envelope on 13 Feb 2024, 09:44:26, CST Invitation Sent Invitation sent to Luke Stowe on 13 Feb 2024, 09:46:02, CST Invitation Accepted Invitation accepted by Luke Stowe on 15 Feb 2024, 11:44:21, CST Signed by Luke Stowe Luke Stowe signed this Envelope on 15 Feb 2024, 11:44:38, CST Executed Document(s) successfully executed on 15 Feb 2024, 11:44:38, CST Signed Document(s) Link emailed to lstowe@cityofevanston.org Signed Document(s) Link emailed to lthomas@cityofevanston.org Signed Document(s) Link emailed to cpratt@cityofevanston.org